Brief: Harvia Q4 EBIT Up At EUR 2.8 Million

Harvia Oyj

14/02/2019 07:21

Feb 14 (Reuters) - Harvia Oyj  HARVIA.HE :
    * REG-HARVIA'S FINANCIAL STATEMENTS BULLETIN JANUARY 1 -
DECEMBER
31, 2018: STEADY PROFITABILITY AND INVESTING IN GROWTH
    * Q4 NET SALES EUR 16.2 MILLION VERSUS EUR  16.1 MILLION
YEAR AGO
    * Q4 EBIT EUR 2.8 MILLION VERSUS EUR 1.7 MILLION YEAR AGO
    * PROPOSAL FOR DISTRIBUTION OF PROFIT IS EUR 0.37 PER SHARE,
TO BE
PAID IN TWO INSTALMENTS.
    * DOES NOT PUBLISH ITS SHORT-TERM OUTLOOK
    * TARGETS AN AVERAGE ANNUAL REVENUE GROWTH OF MORE THAN 5%
    * TARGETS ADJUSTED OPERATING PROFIT MARGIN OF 20%
    * TARGETS NET DEBT/ADJUSTED EBITDA BETWEEN 1.5X-2.5X
    * TARGETS A REGULARLY INCREASING DIVIDEND WITH A BI-ANNUAL
DIVIDEND PAYOUT OF AT LEAST 60 PERCENT OF NET INCOME, IN TOTAL.

Source text for Eikon:  ID:nGNE2WWnGb 
Further company coverage:  HARVIA.HE 

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